---
schema_version: "secwatch.filing_event.v1"
accession: "0001452936-24-000021"
form_type: "8-K"
ticker: null
cik: "0001452936"
company_name: "Pacific Oak Strategic Opportunity REIT, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:14:58.665844+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pacific Oak sells 454-acre Village 2 in NV to KB Home & Tri Pointe for $195M in two phases

## Summary
- Phase 1: 212.14 acres for ~$91M closing by July 31, 2024; Phase 2: 242.17 acres for ~$104M closing by July 31, 2025.
- Buyer to make $10M total deposit ($2M initial, $8M after due diligence); deposit released to Company at Phase 2 closing.
- Closing conditions include city approval of entitlement modifications, completion of Required Infrastructure Work, and termination of deeds of trust.
- Portions of Village 2 (209.14 acres in Phase 1, 144.98 in Phase 2) were pledged as collateral for 2023 Series C bond offering to Israeli investors.

## SEC filing metadata
- accession: 0001452936-24-000021
- form_type: 8-K
- cik: 0001452936
- company_name: Pacific Oak Strategic Opportunity REIT, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1452936/000145293624000021/0001452936-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1452936/000145293624000021/pacoaksor-20240310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001452936-24-000021
- JSON: https://secwatch.observer/filing/0001452936-24-000021.json
- Plain text: https://secwatch.observer/filing/0001452936-24-000021.txt

## Key facts
- Material Agreements
  Pacific Oak Strategic Opportunity REIT, Inc. entered into Purchase and Sale Agreement and Joint Escrow Instructions with KB Home Las Vegas, Inc. and Tri Pointe Homes Nevada, Inc. valued at approximately $195 million (effective 2024-03-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: KB Home Las Vegas, Inc. and Tri Pointe Homes Nevada, Inc.
  - Value: approximately $195 million
  - Effective: 2024-03-10
  source text: On March 10, 2024, Pacific Oak Strategic Opportunity REIT, Inc. (the “Company”), through two indirectly wholly-owned subsidiaries, entered into a Purchase and Sale Agreement and Joint Escrow Instructions (the “Agreement”) for the sale of 454.31 gross acres of land (“Village 2”) located in the City of North Las Vegas, Nevada to KB Home Las Vegas, Inc. and Tri Pointe Homes Nevada, Inc. (collectively, the “Buyer”), subject to certain closing conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1452936/000145293624000021/0001452936-24-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.